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This document presents market statistics on municipal bond finance over the past decade, including data on the total value of bonds issued each month from 2015 to 2024 and the distribution of bonds across different sectors. The data shows fluctuations in bond issuance over the years, with some sectors experiencing growth while others decline. It also provides information on municipal note finance, including categories such as development, education, health care, and transportation. The document includes market indicators, performance data, and ratings for various bonds. Additionally, it provides a list of municipal bonds along with their details and prices. [Extracted from the article]

The document titled "Market Statistics" provides a comprehensive overview of various market indicators, including municipal bond index, average dollar price, average yield to par call, average yield to maturity, total visible supply, bond buyer revenue index, bond buyer 20-bond index, bond buyer 11-bond index, new-issue sales, and short-term tax-exempt yields. It also includes data on variable-rate demand, municipal market data, U.S. securities prices, state and local government series rates, and reoffering yields. The document compares the performance of corporate bonds and municipal bonds, providing total return percentages for different categories of corporate bonds and yields for various types of municipal bonds. It also provides information on bond indexes and ratings for general obligation bonds and revenue bonds, as well as the yield on the most current U.S. Treasury 10-year note and 30-year Treasury bond. The document includes weekly yields of the 20-Bond GO Index and Treasury securities, as well as information on the Municipal Bond Index. It also provides details on specific municipal bonds, including maturity dates and prices. Additionally, the document features tables and graphs illustrating bond prices, yields, and visible supply increases. [Extracted from the article]

This document provides market statistics on long-term bond sales from January to March, including the total volume of sales and the top sectors for bond sales. It also includes information on bond sales by state, with California having the highest volume of sales. The document provides data on long-term bond sales in various states and territories in the United States for the month of March 2024, including the volume of sales and the change from the previous period. It also provides information on different types of bonds, bond enhancements, and market indicators. Additionally, the document includes data on short-term tax-exempt yields and recent offerings of municipal bonds. It concludes with an update on the municipal bond index. The document also provides information on municipal bond prices, including a table listing the prices, ratings, and yields of various bonds. The data is evaluated and priced daily by Standard & Poor's Securities Evaluations Inc. The document notes that the average price, yield to par call, and yield to maturity are computed based on specific calculations. The document emphasizes the accuracy and completeness of the data provided. [Extracted from the article]

This article provides market statistics on bond sales by state for the period of January to December, including volume, rankings, and changes from the previous period. It covers all 50 states, as well as other territories. The article also includes information on long-term bond sales in December, as well as data on different sectors and types of bonds. It provides information on market indicators, financial indicators, and bond indexes. The article also includes updates on the Municipal Bond Index and Weekly Yields. Additionally, there is a document listing evaluated and priced bonds, including their ratings and prices. [Extracted from the article]

Cash investments may seem safe, but they are not risk-free in terms of preserving real value over the long term. While cash yields are currently high, it is important to consider the risks and benefits of different asset classes. Money market funds are ideal for short-term cash flow needs, but for long-term goals, bonds offer additional considerations such as the potential for price appreciation and the ability to secure higher rates for longer durations. Cash also loses to inflation over longer terms, making equities a better strategy for beating inflation. Additionally, holding excess cash can result in lost opportunity costs. Overall, incorporating bonds and equities in a portfolio can help investors manage risks effectively over long time horizons. [Extracted from the article]

This document provides market statistics related to municipal bonds, including information on the Municipal Bond Index, Average Yield to Par Call, Average Yield to Maturity, and the 30-Day Visible Supply. It also includes short-term tax-exempt yields for selected notes. The data is sourced from Refinitiv Municipal Market Data, the U.S. Department of the Treasury, Merrill Lynch & Co., and Standard & Poor's Securities Evaluations Inc. The document provides tables and information on bond indexes, bond ratings, bond prices, and yields for different categories of bonds. It is a valuable resource for library patrons researching municipal bonds and market trends. [Extracted from the article]

The document titled "Market Statistics" provides market indicators related to bonds, including the Municipal Bond Index, Average Yield to Par Call, Average Yield to Maturity, and the 30-Day Visible Supply. It also presents data on the Bond Buyer Revenue Index and New-Issue Sales of long-term bonds and short-term notes. The document aims to assist researchers in understanding the current state of the bond market. The data is sourced from Refinitiv Municipal Market Data and the U.S. Department of the Treasury. It includes information on bond yields, market performance, and ratings for different municipalities and corporations. The document also provides a list of bond ratings for various cities and states in the United States, as well as weekly yields for the 20-Bond GO Index and Treasury securities. The Municipal Bond Index is scheduled to be updated on December 29, 2023. The document also includes information on the Bond Buyer Municipal Bond Index, as well as evaluated and priced municipal bond prices by Standard & Poor's Securities Evaluations Inc. The table includes bond ratings, bid prices, changes in bids, and yields to worst case for various bonds in different sectors. The document concludes with a note about rounding figures and a copyright statement. [Extracted from the article]

The document titled "Market Statistics" provides information on visible supply, selected MIG-1/SP-1 notes, and bond yields. It includes data on the 30-day visible supply of bonds, short-term tax-exempt yields, and recent bond offerings. The document also provides credit ratings for various locations and performance data for school districts, villages, and bond indexes. Additionally, it includes information on bond yields and reoffering yields. The information is sourced from reputable organizations such as Merrill Lynch, The Bond Buyer, and Standard & Poor's Securities Evaluations Inc. [Extracted from the article]

The document provides market statistics related to municipal bonds, including daily bond index, average yield to maturity, and visible supply. It also presents weekly data on bond indices and new-issue sales. The statistics aim to assist researchers in understanding the current state of the municipal bond market. The given document compiles data on municipal bonds, U.S. securities prices, and reoffering yields from Refinitiv Municipal Market Data and the U.S. Department of the Treasury. The data is subject to copyright and distribution is strictly prohibited. The text provides bond ratings for various cities and states, as well as indexes for general obligation and revenue bonds. It also includes bond ratings for organizations and agencies, along with information on yields and index values. The document concludes with contact information for further market data. The given document provides information on the prices and yields of 40 municipal bonds, including average dollar price, yield to par call, and yield to maturity. The data is based on December 15, 2023 pricing and is owned by The Bond Buyer and evaluated by Standard & Poor's Securities Evaluations Inc. The text includes a table showing ratings, dollar bids, changes in bids, and yields for different types of bonds in the municipal finance industry, allowing library patrons to conduct research on specific topics. [Extracted from the article]

This document presents market statistics and financial data related to municipal bonds, treasury securities, and bond indexes. It includes information on bond sales, yields, visible supply, and recent offerings. The data is sourced from reputable sources such as Refinitiv Municipal Market Data and the U.S. Department of the Treasury. The document provides tables and indexes that reflect current and previous market conditions. [Extracted from the article]

The document provides market statistics related to municipal bonds, including information on the Municipal Bond Index, Average Yield to Par Call, Average Yield to Maturity, and the 30-Day Visible Supply. It also presents data on new-issue sales, visible supply, short-term tax-exempt yields, and municipal money market data. The information is presented in tables and provides insights into the current state of the municipal bond market. The document also includes information on treasury bills, state and local government series rates, reoffering yields, and the Barclays Capital Long Treasury Bond Index. The data includes yields, bid/offer prices, and index values. The document is a valuable resource for library patrons conducting research on these specific topics. [Extracted from the article]

The document titled "Market Statistics" provides information on visible supply, selected MIG-1/SP-1 notes, and bond yields. The visible supply data includes weekly and monthly averages of competitive and negotiated bond offerings. The selected MIG-1/SP-1 notes section displays the ratings for various municipal bonds. Lastly, the bond yield table shows the yields for different bond ratings and maturity years. This document can be useful for library patrons researching bond market trends and municipal bond ratings.The given text provides information on the 30-day visible supply of bonds and short-term tax-exempt yields. The 30-day visible supply reflects the dollar volume of bonds expected to enter the market in the next 30 days. The short-term tax-exempt yields are listed for various time periods, ranging from overnight to 30 years. The text also includes recent offerings of bonds, including their offer dates, amounts, and yields for different time periods. This information can be useful for library patrons conducting research on bond markets and investment opportunities.The given document provides a list of various locations and their respective credit ratings. The document includes the name of the location, the date of the rating, and the credit rating itself. The credit ratings are given in a format that includes multiple ratings from different agencies. The document also includes some additional information about the locations, such as their state or country. This document could be useful for library patrons researching credit ratings for specific locations.The given text appears to be a collection of [Extracted from the article]

This document provides market statistics on municipal bond finance over the past decade, including data on the total value of bonds issued each month from 2014 to 2023 and the number of issues in each year. The document breaks down the bond issuances by sector, such as development, education, electric power, and healthcare. It also provides information on different types of bonds, such as revenue bonds and general obligation bonds. The document also includes tables showing financial figures related to taxes, bonds, and other financial instruments, and provides information on bond insurance, letters of credit, and standby purchase agreements. The document also includes data on bond volumes and visible supply for the next 30 days, as well as information on bond performance and recent bond offerings. It provides a list of cities and organizations along with their credit ratings, and it includes information on U.S. securities prices, state and local government series rates, and market statistics. [Extracted from the article]

The document titled "Market Statistics" provides various market indicators related to bonds, including the Municipal Bond Index, Average Yield to Par Call, Average Yield to Maturity, and the 30-Day Visible Supply. It also presents data on bond sales, visible supply, and short-term tax-exempt yields. This information is useful for library patrons conducting research on the bond market and related topics. The document includes data on municipal bonds, treasury bills, state and local government series rates, reoffering yields, and the Barclays Capital Long Treasury Bond Index. It provides yields, bid/offer prices, and index values for different time periods. The document also includes disclaimers regarding the source of the data and copyright restrictions. It appears to be a resource for individuals interested in researching bond markets and municipal bonds. It provides information on bond indexes, municipal bond yields, bond ratings, and performance comparisons for different corporate bond indexes. It also includes weekly yields for the 20-Bond GO Index and Treasury securities, as well as the ratings of various municipal bonds and the yield on U.S. Treasury notes and bonds. The document concludes with updates to the list of bonds used to calculate the Municipal Bond Index. It mentions two bonds that have been added to the index and two that have been removed. Additionally, it includes a table with information about the current and previous values of the Bond Buyer Municipal Bond Index. The document provides information on specific bonds, such as the J. Transportation Trust Fund Auth. 5. [Extracted from the article]

This document provides market statistics on long-term bond sales from January to November 2023. The total volume of bond sales during this period was $346,385.9 million, with a total of 7,331 issues. This represents a decrease of 6.5% compared to the previous year. The document also provides detailed information on bond sales by month and by sector, including development, education, electric power, environmental facilities, health care, housing, public facilities, transportation, utilities, general purpose, and more. It also includes information on the type of bonds issued, such as tax-exempt, taxable, minimum tax, new-money, refunding, negotiated, competitive, private placements, revenue, general obligation, fixed-rate, variable-rate, zero-coupon, and more. [Extracted from the article]

The document titled "New Issues" provides information on competitive bond offerings, including contact information for obtaining more details and sales results. It lists various bond offerings, including the issuer, state, description, amount, time of sale, financial adviser, legal opinion, maturing date, insurer, and credit ratings. The document also includes a list of municipal bond issuances for specific weeks, with details on the issuer, state, bond type, amount, underwriter, and date of issuance. [Extracted from the article]

Geopolitical turmoil caused a flight-to-safety trade into U.S. Treasuries, leading to lower yields in both municipal bonds and USTs. The Federal Reserve's decision to cut rates less than expected, along with headlines about potential attacks by Iran and China, further complicated the investment landscape. Barclays PLC expects tax-exempt bonds to underperform in the near term, but market technicals and higher yields may result in more robust fund inflows. BofA Global Research suggests that investors should pick and choose bonds and anticipate a bullish shift in May. [Extracted from the article]

According to the latest Federal Reserve data, the municipal bond market experienced growth in the fourth quarter of 2023, driven by increased ownership from retail investors, separately managed accounts, and institutional investors. However, the data also shows a decline in holdings by banks and insurance companies. Retail investors remain the largest category of muni ownership, followed by mutual funds, ETFs, and U.S. banks. The growth in the market was primarily due to falling interest rates rather than increased demand for bonds. Separately managed accounts played a significant role in the market's growth, while municipal mutual funds experienced outflows. ETF ownership also increased, partly due to money leaving mutual funds. U.S. banks reduced their muni holdings due to maturing bonds and liquidity challenges. The banking sector's crisis also led to a de-risking of holdings. Overall, the data suggests a shift in ownership patterns within the muni market. [Extracted from the article]

The document provides market statistics for municipal bonds, including various indicators such as the Municipal Bond Index, Average Yield to Par Call, and Average Yield to Maturity. It also includes information on the 30-Day Visible Supply and short-term tax-exempt yields. The document also provides information on financial indicators and rates, bond indexes and municipal bond yields, weekly yields of the 20-Bond GO Index and Treasury securities, and municipal bond prices. [Extracted from the article]

The document titled "Market Statistics" provides market indicators related to municipal bonds, including the Municipal Bond Index, Average Yield to Par Call, Average Yield to Maturity, and the 30-Day Visible Supply. It also presents data on bond sales, visible supply, and short-term tax-exempt yields. The document provides financial data on municipal bonds, U.S. securities prices, state and local government series rates, reoffering yields, and the Barclays Capital Long Treasury Bond Index. It includes yields, bid/offer prices, and index values for different time periods. The document also includes disclaimers regarding the source of the data and copyright restrictions. The text appears to be a collection of data on bond indexes and municipal bond yields, including information on cities, districts, bond ratings, and yields. It also includes performance comparisons for different corporate bond indexes. The document compiles bond indexes and ratings for various cities and states in the United States, including general obligation bonds and revenue bonds with ratings from Moody's, S&P, and Fitch. It also includes yields of the 20-Bond GO Index and Treasury securities, as well as yield spreads to the 10-year Treasury note and 30-year Treasury bond. The information is presented in tables for easy comparison and analysis. The text provides information on the Municipal Bond Index and the specific bonds included [Extracted from the article]

The document provides market statistics on municipal bonds, including information on the Municipal Bond Index, Average Yield to Par Call, Average Yield to Maturity, and the 30-Day Visible Supply. It also includes data on short-term tax-exempt yields. The document is a valuable resource for library patrons researching municipal bonds and current market trends. It includes data from Refinitiv and the U.S. Department of the Treasury, and provides information on college ratings, corporate bond performance, and municipal bond yields. The document also includes weekly yields for the 20-Bond GO Index and Treasury securities, as well as information on bond prices and market statistics. [Extracted from the article]

The document provides market statistics for municipal bonds, including various indicators such as the Municipal Bond Index, Average Yield to Par Call, and Average Yield to Maturity. It also includes information on the 30-Day Visible Supply and short-term tax-exempt yields. The data is presented in tables and is useful for library patrons conducting research on municipal bonds and market trends. The document also provides data on bond indexes and average municipal bond yields, sourced from reputable sources. Additionally, it provides weekly yields for the 20-Bond GO Index and Treasury securities. The document includes information on the Municipal Bond Index, current coefficients, average coupon rate, average par call date, and average maturity date. It also provides details on municipal bond prices, including a table with bond ratings, bid prices, and worst-case yields. The data is computed based on the average price, coupon, and maturity date of the bonds. The document concludes with a note about the accuracy and completeness of the data. [Extracted from the article]

The document provides market statistics for municipal bonds, including indicators such as the Municipal Bond Index, Average Yield to Par Call, and Average Yield to Maturity. It also includes information on the 30-Day Visible Supply and short-term tax-exempt yields, Treasury securities, and municipal bond prices, including bid prices, yields, and changes in bid. The information is sourced from reputable organizations and can be valuable for research on these specific topics. [Extracted from the article]

This document provides market statistics and visible supply data for municipal bonds. It includes information on various financial data related to municipal bonds, U.S. securities prices, state and local government series rates, and reoffering yields. The document also provides tables with bond ratings and performance comparisons for different cities and organizations, as well as information on corporate bond performance. Additionally, it includes tables with index values for different industries and average municipal bond yields. The document concludes with information on specific municipal bonds, including their prices, ratings, and yields. It also includes a list of bond issuances from various entities and market statistics in the form of graphs. [Extracted from the article]

This document is a compilation of competitive bond offerings provided by IHS Markit. It includes information on various issuers, such as municipalities and school districts, along with details about the bond offerings, such as the amount, time of sale, financial adviser, legal opinion, and maturing date. The document is a valuable resource for library patrons conducting research on specific bond offerings and provides insights into the current bond market. It is important to note that the information is preliminary and subject to change. [Extracted from the article]

The document provides market statistics related to bonds and other financial instruments, including information on visible supply, tax-exempt yields, municipal market data, corporate bond indexes, and average municipal bond yields. It also presents data on bond indexes, treasury rates, and recent bond offerings. The document contains tables with interest rates, credit ratings, and bond details from various entities. It can be a useful resource for library patrons conducting research on interest rates, credit ratings, municipal bonds, financial markets, and investment opportunities. Additionally, it includes historical data on municipal water financing from 1947, which may be of interest to patrons researching historical financial data. [Extracted from the article]

This document provides market statistics related to municipal bonds, including information on the Municipal Bond Index, Average Yield to Par Call, Average Yield to Maturity, and the 30-Day Visible Supply. It also includes data on bond sales, short-term tax-exempt yields, and variable-rate demand. The document provides financial data on municipal bonds, treasury bills, treasury notes and bonds, state and local government series rates, reoffering yields, and recent offerings. It includes index values, yields, bid/offer prices, and bid yields for different time periods and ratings categories. The document also includes disclaimers regarding the source of the data and copyright restrictions. It appears to be a compilation of data related to various organizations and indexes, providing market data and comparisons for research purposes. [Extracted from the article]

The full par amount of an issue is credited to the book-running manager; in issues with multiple bookrunners, each firm is credited with the allocation that it received. The full par amount of an issue is credited to the book-running manager; in issues with multiple bookrunners, each firm is credited with the actual allocation that it received. The full par amount of an issue is credited to the book-running manager; in issues with multiple bookrunners, each firm is credited with the actual allocation that it received. Top Senior Managers: Negotiated Issues First Nine Months 2023 - True Economics to Bookrunners This is Refinitiv's "AT3" league table for negotiated offerings. [Extracted from the article]

Financial experts are optimistic about bonds in 2024, despite a historically terrible year for the bond market. The optimism stems from the expectation that the Federal Reserve will cut interest rates, which would lower bond yields and increase bond prices. Wall Street insiders are even betting that the Fed will cut rates more than initially predicted. This would be great news for the bond market, as it would make previously issued bonds more valuable. Additionally, studies from global firms forecast improvements in the bond market as part of a return to pre-pandemic market conditions. Bonds are seen as a good hedge against stocks and a smart investment for diversification. [Extracted from the article]

The article discusses the implications of the upcoming federal election on the municipal market, focusing on potential tax policy changes and their impact on tax-exempt paper demand. Experts suggest that a divided government may still lead to tax changes, while a sweep by either party poses greater risks. The market is closely monitoring the election outcome, with different scenarios expected to influence bond market performance and fund flows. Additionally, the article highlights the importance of voter turnout and the potential impact of a split Congress on key tax issues like the state and local tax deduction cap. [Extracted from the article]

The article from Bond Buyer discusses a sharp correction in the municipal market, with yields rising significantly as the asset class catches up to U.S. Treasuries. Various factors, including political uncertainty and increased supply, have contributed to this market shift. The article also highlights specific bond offerings and pricing details in the primary market. [Extracted from the article]

The article from Bond Buyer discusses the current state of the municipal bond market, highlighting the impact of economic indicators and upcoming new issuances. BofA Global Research strategists emphasize the uncertainty in macro rates due to election rhetoric, advising investors to remain cautious. The document also provides details on major deals for the week, with New York issuers leading the way in new issuances. Additionally, it includes economic indicators for the upcoming week and forecasts from economists. [Extracted from the article]

The University of Arizona is issuing $115.645 million of revenue bonds to refund debt from 2013 and 2014. The university's financial troubles have led to negative rating outlooks from Moody's Ratings and S&P Global Ratings. The bond issue will receive a credit boost from insurance provided by Build America Mutual. The university has taken steps to address its budget deficit, including freezing hiring and reducing non-essential capital projects. The university's negative outlook is due to weak operations and balance sheet metrics. The refunding is expected to result in savings of $16 million. [Extracted from the article]

The MuniTech conference, organized by muni fintech firms Munichain and Spline Data, focused on the need for technological change in the municipal bond market. Participants discussed the inefficiencies and complexity of the current market structure, which benefits financial advisors and other advisors rather than issuers. They emphasized the importance of automation, liquidity, and price transparency in improving market efficiency. Other topics of discussion included separately managed accounts, exchange traded funds, the decline of mutual funds, and the impact of new technology on issuers. The conference highlighted the need for collaboration and the dismissal of technological advancements by some individuals or firms. [Extracted from the article]

Warren "Bo" Daniels, managing director and head of public finance for Loop Capital, will become the chair of the Municipal Securities Rulemaking Board (MSRB) on October 1. The MSRB is planning major steps forward, including an updated budget and the rollout of a new and improved EMMA system. Daniels, who has a three-decade career in the industry, is excited to work with the board and the existing staff. The MSRB is also launching a new Technology Advisory Group and plans to engage with stakeholders through town hall meetings. [Extracted from the article]

According to an article in the Bond Buyer, yields remained relatively stable on Monday. The Government Securities Prices Municipal Bond Index showed a slight decrease, with the 10-year yield at 3.75% and the 30-year yield at 4.09%. The Municipal Bond Index, on the other hand, saw a small increase. The Bond Buyer's 30-Day Visible Supply also increased by $1.052 billion, with a total of $20.095 billion. The MuniCenter List reported an increase in offering total to $28.0 million. [Extracted from the article]

This article discusses the issuance of nearly $2 billion of triple-A-rated debt from water agencies in Southwest states facing drought and other climate issues. The Texas Water Development Board is issuing $1.6 billion of State Water Implementation Revenue Fund for Texas master trust bonds to finance local water projects, including seawater desalination in Corpus Christi. The article highlights the strain on naturally arid regions due to climate change and population growth, as well as the use of state revolving funds to leverage federal grants and keep borrowing costs low. The article also mentions the extensive disclosure of climate risk by Denver's Board of Water Commissioners and the lack of climate disclosures in a recent bond refunding by Arizona's Water Infrastructure Finance Authority. [Extracted from the article]

Economists are anticipating a 25-basis-point cut in the federal funds rate at the upcoming Federal Open Market Committee (FOMC) meeting, although some believe a larger cut is possible. The bond markets have already priced in multiple rate cuts, leading to expectations of disappointment with the FOMC's message. While some indicators suggest a need for more aggressive easing, Fitch Ratings predicts a cautious approach from the Fed due to past inflation challenges. Overall, economists expect a quarter-point cut at the meeting, with the possibility of a larger cut if deemed necessary. [Extracted from the article]

This article covers multiple topics related to finance and economics. It begins by discussing former President Donald Trump's proposal to establish a U.S. sovereign wealth fund for infrastructure projects, which would be funded by tariffs and managed by private managers. The article then moves on to the recent jobs report, which revealed lower than expected job growth but an increase in average hourly earnings. Economists have differing opinions on whether this report supports a 25 or 50 basis point rate cut by the Federal Reserve. Additionally, the article briefly mentions Massachusetts' successful general obligation bond sale and their plans for future bond issuances. The document also provides credit ratings and visible supply information for various states in the United States, as rated by Moody's Investors Service, Standard & Poor's, and Fitch Ratings. The visible supply refers to the amount of bonds issued by each state, with specific dollar amounts provided for September 6, 2024, and August 30, 2024. [Extracted from the article]

The document titled "Market Statistics" provides market indicators for bond buyers, including weekly and monthly averages for competitive and negotiated bond sales. It also presents selected MIG-1/SP-1 notes and their corresponding rates, as well as bond yields for different credit ratings. The text provides information on the 30-Day Visible Supply, which represents the total dollar volume of bonds to be offered for sale in the next 30 days, including scheduled sales and anticipated offerings. It also includes tables showing the visible supply for different time periods and recent bond offerings. The document is a valuable resource for library patrons researching bond markets and investment opportunities. Additionally, it provides information on credit ratings for various locations across the United States. The text also includes information on the prices of US securities, bond index rates, treasury bond rates, state and local government series rates, reoffering yields, and indexes such as the Merrill Lynch Corporate Bond Indexes and the Bond Buyer Indexes. The document concludes with figures on visible supply declines, short-term tax-exempt yields, and municipal market data general obligation yields. The information is sourced from reputable organizations such as the U.S. Department of the Treasury, Bureau of the Public Debts, Merrill Lynch & Co., and Refinitiv Municipal Market Data. [Extracted from the article]

Moody's/S&P/Fitch Moody's/S&P/Fitch Moody's/S&P/Fitch Baltimore, Md. Aa2 / AA / NR *Massachusetts. Noncallable bonds are included in the par call yield calculations, with their maturity dates serving as their par call dates in the calculations. A2 / A / AA- *South Carolina Aaa / AA+ / AAA *Georgia Aaa / AAA / AAA New York City Aa2 / AA1 / AA- *Texas Aaa / AAA / AAA Houston, Tex. Aa3 / AA / AA *New York State Aa1 / AA+ / AA+ *Washington Aaa / AAA / AAA *Maryland Aaa / AAA / AAA North Carolina Aaa / AAA / AAA (2) Revenue bonds maturing in 30 years are used in compiling this index. Aa3 / A+/ AA- California Aa2 / AA- / AA Memphis, Tenn. Aa2 / AA / AA *Phoenix, Ariz Aa1 / AA+ /AAA *Denver, Colo. Aaa / AAA / AAA Miami-Dade Co., Fla. Aa2 / AA / AA *Seattle, Wash. Aaa / AAA / AAA *Florida Aaa / AAA / AAA Milwaukee, Wis. [Extracted from the article]

Yields represent the fair market offer side for most liquid and available credits in each ratings category as determined by MMD. 3.002.422.453.10Aa1/Aa2/Aa3 - AA+/AA/AA-5/1742.5Fort Worth, Tex.,. City Municipal Water Fin Auth.4.13 06/15/204797 .125-10.004.31Aa1/AA+/AA+New York City Municipal Water Fin Auth.4.13 06/15/2046..97 .375-10.004.30